Punjab based Tynor to receive $200 million strategic investment from Kedaara Capital: In a major development for Punjab’s corporate sector, Mohali-based Tynor Orthotics, India’s leading orthopaedic support and rehabilitation brand, is set to receive a strategic investment of $200 million from Kedaara Capital.
Notably, Tynor, is India’s number 1 doctor-recommended orthopaedic supports, mobility aids, sports performance enhancement solutions, and rehabilitation solutions brand, uniquely positioned at the intersection of med-tech and everyday consumer health.
Founded in 1993, Tynor has grown exponentially with an extensive reach spanning over 300,000 retail outlets and 8,000 hospitals across 60 countries. Tynor’s products have supported more than 100 million lives making healthcare affordable and accessible.
Dr. P.J. Singh and Mr. A.J. Singh, Promoters of Tynor, said, “With absolute pride and a heart full of joy, we welcome Kedaara Capital. Big aspiration of Tynor to become the leader of global south and an indispensable supply chain partner for Global north shall now be achieved by having Kedaara as a partner. The agility of Kedaara and robust process approach of Tynor shall bring an unprecedented trajectory of growth. Kedaara would further augment what Thuasne® initiated and Lighthouse nurtured. We are excited, indeed.”
Sunish Sharma, Founder and Managing Partner, Kedaara Capital, said, “India’s medical devices sector is among the fastest-growing in the world, and Tynor represents a rare opportunity to partner with a clear category leader in orthopaedic supports and rehabilitation. We have long admired Dr. P.J. Singh and Mr. A.J. Singh for building a company anchored in strong values, robust systems and disciplined processes. We are privileged to partner with them and Thuasne® to unlock Tynor’s full potential.”
Notably, Kedaara will work closely with the promoters, Dr. P.J. Singh and Mr. A.J. Singh, collegium and professional management team comprising Mr. Paras Bafna, Group CFO, Dr. Parmod Lamba, Group CHRO, Mr. Jaspreet Singh, Head-Supply Chain Management(SCM) and long-standing strategic partner Thuasne® to build a leading ortho-focused wellness platform. The strategic investment aims to deepen the brand’s reach across India, expanding its presence in international markets, and continuing to invest in world-class, efficient manufacturing, as the Company enters its next phase of growth.
Rochelle Dsouza, Partner, Lighthouse Funds, said, “It has been a privilege to partner with Dr. P.J. Singh, Mr. A.J. Singh and the Tynor team over the past eight years. Their commitment to product quality, and to the doctors and patients they serve, is what has made Tynor the leader it is today. We wish the Company and its new partners at Kedaara every success in the years ahead.”
O3 Capital acted as the exclusive financial advisor for the transaction.
